About Cedar
Cedar is a company based in New York (United States) founded in 2016 by Florian Otto and Arel Lidow. Cedar has raised $351 million across 6 funding rounds from investors including Kaiser Permanente, J P Morgan and Lakestar. Cedar has completed 1 acquisition, including OODA Health. Cedar offers products and services including Cedar Pay and Cedar Orthodontics. Cedar operates in a competitive market with competitors including Greenphire, Zelis Healthcare, VisitPay, PayZen and InstaMed, among others.
- Headquarter New York, United States
- Founders Florian Otto, Arel Lidow
- Stage Unicorn
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Sectors
HealthcareFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Cedar Cares, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$351 M (USD)
in 6 rounds
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Latest Funding Round
$200 M (USD), Series D
Mar 09, 2021
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Investors
Kaiser Permanente
& 15 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Cedar
Cedar offers a comprehensive portfolio of products and services, including Cedar Pay and Cedar Orthodontics.
End-to-end solution for managing patient healthcare payments
Tools for orthodontics payment processing and patient support
People of Cedar
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Leadership Team
33 people
Software Development Team
31 people
Product Management Team
20 people
Advisor Team
13 people
Sales and Marketing
13 people
Human Resources and Administration
11 people
Finance and Accounting
8 people
Data Analysis and Operations Team
7 people
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Funding Insights of Cedar
Cedar has successfully raised a total of $351M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $200 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Cedar
Cedar has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Kaiser Permanente, J P Morgan and Lakestar.
| Investor | Description | Founded Year | Domain | Location |
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Invests in healthcare IT and services to advance patient care and efficiency.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Venture capital investments are directed toward multiple sectors by Kinnevik.
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Investor details for Cedar
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Investments & Acquisitions by Cedar
Cedar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OODA Health.
Investment portfolio details for Cedar
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of AI & cloud-based platform that enables instantaneous data-sharing and payment
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Locked | Locked | 2017 | Locked |
Complete acquisition details for Cedar
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Financial Statements - Cedar
Detailed financials for Cedar
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Cedar Comparisons
Peer comparison for Cedar
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Competitors of Cedar
Cedar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Greenphire, Zelis Healthcare, VisitPay, PayZen and InstaMed, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Clinical payment technology for patient transactions in research is provided.
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Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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Cloud-based patient revenue management is delivered to healthcare providers.
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AI medical billing software for healthcare professionals and organizations
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Healthcare bill payments are facilitated for providers and patients.
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Detailed competitors of Cedar
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Latest news on Cedar
Complete news archive for Cedar
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Frequently Asked Questions about Cedar
Cedar was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Cedar is headquartered in New York, United States. It is registered at New York, New York, United States.
Cedar is a funded company, having raised a total of $351M across 6 funding rounds to date.
Cedar was founded in 2016 in New York, United States, focusing on the healthcare sector. Cloud-based platforms are utilized to deliver patient-oriented billing solutions for practices and hospitals, facilitating electronic payment processing and revenue cycle management. Analytics tools are offered to generate insights that support operational optimizations. Common billing issues are addressed through accessible patient interfaces, enhancing efficiency in healthcare financial operations.
Cedar's top competitors include Greenphire, PayZen and Zelis Healthcare.
Cedar offers Cedar Pay and Cedar Orthodontics.
Cedar has made 1 acquisition, including OODA Health.
Cedar has 16 investors. Key investors include Kaiser Permanente, J P Morgan, Lakestar, Kinnevik, and CHP Merger Corp.
The valuation of Cedar is $3.2B as of Mar 2021.